Trading started off in June with mixed results, with the Main market of the Jamaica Stock Exchange rising on Thursday, but the Junior Market and the JSE USD market declined to start off June negatively as volume and value declined sharply lower compared with trading on Wednesday.
The JSE Combined Market Index climbed 1,509.57 points to close at 350,166.76, while the All Jamaican Composite Index jumped 2,332.39 points to end at 372,808.36, the JSE Main Index rallied 1,749.45 points to 338,283.36, with the Junior Market Index shedding 13.41 points to end at 3,771.62 and the JSE USD Market Index dipped 4.12 points to end at 238.57.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Jamaica Public Service 7% rose $9.20 to close at $78.50 and 138 Student Living preference share shed $15.75 to close at $89.25.
At the close, investors exchanged 21,422,118 shares in all three markets, down from 41,266,577 units on Wednesday, with the value of stocks trading amounting to $86.8 million down from $199.8 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 147149 shares for US$2,647 compared to 842,727 units at US$97,351 on Wednesday.
The market’s PE ratio ended at 18.5 on 2022-23 earnings and 11.4 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Archives for June 2023
Big jump in money chased Trinidad stocks
Investors pumped three times the amount of money into the Trinidad and Tobago Stock Exchange to start off trading in June compared to the last day of May and resulting in 202 percent more funds passing through the market on Thursday, with 33 percent fewer stocks traded compared with Wednesday and resulting with trading in 18 securities compared with 19 on Wednesday, with prices of four stocks rising, six declining and eight remaining unchanged.
Investors exchanged 268,376 shares for $6,907,243 compared to 401,593 stocks at $2,290,438 on Wednesday.
An average of 14,910 shares were traded at $383,736 compared with 21,136 units at $120,549 previously, with trading month to date averaging 14,910 shares at $383,744 versus 22,730 units at $209,384 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index fell 3.72 points to close at 1,255.10, the All T&T Index declined 6.87 points to 1,911.23, the SME Index remained at 69.27 and the Cross-Listed Index slipped 0.05 points to close at 77.38.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa McAl ended at $51, with 100,010 shares changing hands, Calypso Macro Investment Fund closed at $21.99 as 21 units were traded, First Citizens Group ended at $49 after an exchange of 2,721 stocks. FirstCaribbean International Bank dipped 1 cent in closing at $7 as investors exchanged 50,420 stock units, Guardian Holdings declined 55 cents to end at $20 with 8,746 stocks clearing the market, JMMB Group popped 1 cent in ending at $1.38 with investors transferring 1,282 shares. Massy Holdings ended at $4.99 in an exchange of 26,845 stock units, National Enterprises remained at $3.55 after 16,618 units were traded, National Flour Mills ended at $1.50, with 875 stock units crossing the exchange. One Caribbean Media lost 1 cent to close at $3.81 while investors exchanged 2 units, Point Lisas shed 49 cents and ended at $3.01 as shareholders traded 7,000 stocks, 
Prestige Holdings ended at $8 after a transfer of 115 shares. Republic Financial fell 51 cents to end at $128.99, with 312 shares passing through the market, Scotiabank rallied 43 cents to close at $77 after an exchange of 1,675 stocks, Trinidad & Tobago NGL dipped 25 cents to $18.25 with shareholders swapping 518 units. Trinidad Cement rose 8 cents to $2.78 and closed, with 2,400 stock units changing hands, Unilever Caribbean climbed 2 cents in closing at $15.44 with an exchange of 44,953 stocks and West Indian Tobacco remained at $13 with 3,863 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
